Wall Street Zen upgrades Plexus stock to Buy rating

Published on 10/07/2026 at 08:24 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Plexus stock costs EUR 243.00 on October 7, 2026 after EUR 241.00, plus 0.83 percent. Fiscal third-quarter revenue rose 28.2 percent to USD 1.30 billion.

PLXS, US7291321005, Illustration mit AI erstellt.

Plexus stock was at EUR 243.00 at Lang & Schwarz on October 7, 2026 at 8:23 a.m. CEST, plus 0.83 percent versus the prior close of EUR 241.00. On October 4, 2026, MarketBeat reported that Wall Street Zen upgraded Plexus from Hold to Buy.

Revenue sets the pace

Plexus reported fiscal third-quarter revenue of USD 1.305 billion, up 28.00 percent year over year and 12.00 percent sequentially, according to the company's fiscal third-quarter earnings call transcript published by Yahoo Finance. Non-GAAP operating margin reached 6.30 percent, while non-GAAP earnings per share came to USD 2.32.

The revenue result exceeded the company's guidance range and the earnings-per-share figure exceeded its guidance range. Plexus also secured 31 new manufacturing programs in the quarter, representing USD 255.00 million in annualized revenue when fully ramped, according to the transcript.

Fourth-quarter guidance stays strong

For the fiscal fourth quarter ending October 3, 2026, Plexus guided to revenue of USD 1.33 billion-1.38 billion, non-GAAP operating margin of 6.10-6.50 percent and non-GAAP earnings per share of USD 2.47-2.63, according to Yahoo Finance. The revenue midpoint implies 28.00 percent year-over-year growth.

Management also said fiscal 2026 revenue growth should exceed 20.00 percent and fiscal 2026 non-GAAP operating margin should exceed 6.00 percent. The qualified manufacturing funnel reached USD 4.50 billion in fiscal third quarter 2026, up 23.00 percent year over year, giving the growth narrative a measurable operating anchor.

Analyst support meets valuation risk

MarketBeat said the analyst consensus was Buy, with an average price target of USD 276.86. The same report cited a 52-week range of USD 132.03 to USD 307.06 and a market capitalization of USD 7.31 billion. The target and range are in US dollars and are separate from the euro reference price.

The next earnings date is October 28, 2026, according to Makkler. For investors, the central tension is clear in the figures: demand and program wins are accelerating, while the stock remains materially below its US dollar 52-week high.

Stock opens before Nasdaq

Plexus was trading at EUR 243.00 at Lang & Schwarz on October 7, 2026 at 8:23 a.m. CEST in the pre-market phase, up 0.83 percent from the EUR 241.00 prior close at Lang & Schwarz on October 6, 2026. Plexus is listed on NASDAQ under ticker PLXS, with the primary-exchange quote in US dollars. The further course of trading is shown by the continuously updated real-time quote of Plexus stock.